China's Bluestar Petrochemical to restart BD plant on 19 June

18 June 2012 11:20[Source: ICIS news]

SINGAPORE (ICIS)-- ?xml:namespace>China’s Bluestar Petrochemical plans to restart its 30,000 tonne/year butadiene (BD) plant at Tianjin on 19 June after shutting it on 11 June, a company source said on Monday.

The plant was shut because of feedstock butylenes (C4) shortage, the source said.

The company plans to increase its BD price by yuan (CNY) 100/tonne ($16/tonne) to CNY16,300/tonne EXW (ex-works) on 19 July after the restart, the source added.

The restart is likely to increase BD supply in the domestic market for the rest of June, a market player said.

BD prices were assessed at CNY16,200-16,500/tonne in east China on 18 June, according to Chemease, an ICIS service in China.

The company is a subsidiary of China National BlueStar which is located in the northern city of Tianjin.